4 Analysts Have This To Say About Fox Factory Hldg
Portfolio Pulse from Benzinga Insights
Fox Factory Hldg (NASDAQ:FOXF) has received mixed analyst ratings over the past three months, with a recent shift towards a more cautious stance. The average 12-month price target has been adjusted to $61.25, down from $79.67, reflecting a 23.12% decrease. Analysts from B of A Securities, Stifel, and Truist Securities have updated their ratings and price targets, indicating a response to market dynamics and company performance. Despite challenges in revenue growth and below-average ROE and ROA, Fox Factory Hldg maintains a strong net margin and a prudent debt management strategy.
February 23, 2024 | 7:01 pm
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NEGATIVE IMPACT
Fox Factory Hldg has seen a downward revision in analyst sentiment and price targets, with the average 12-month price target now at $61.25, indicating a 23.12% decrease from the previous target. Despite facing revenue growth challenges and below-average ROE and ROA, the company's strong net margin and effective debt management may provide some support.
The downward revision in price targets and mixed analyst ratings suggest a cautious or bearish outlook for FOXF in the short term. The decrease in the average price target by 23.12% reflects significant concerns about the company's future performance. However, the company's strong net margin and prudent debt management strategy may mitigate some negative impacts, providing a cushion against potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100